October 6, 2021 11:16 am
Yesterday, buoyed by the better than expected ISM Services PMI report, and stimulated by dip-buying, US stocks rebounded from recent lows. The Dow Jones, S&P500 and the Nasdaq ended on the green territory with 0.92, 1.05 and 1.25% respectively. The big tech-stocks representing the Nasdaq are outperforming the broad indices by its higher beta – […]
Read moreOctober 6, 2021 9:10 am
General Motors Company (GM) announced on Tuesday plans to open a battery cell development center in Michigan in an attempt to reduce the cost and increase the driving range of its electric vehicles powered by lithium ion and solid-state batteries. The Wallace Battery Cell Innovation Center, which will be located on GM’s technical campus in […]
Read moreOctober 6, 2021 7:25 am
Verizon Communications Inc (VZ) and CareAR announced earlier this week a strategic partnership aimed to transform the service and customer experience delivered by CareAR. A combination of Verizon’s 4G, 5G networks and near real-time computing technology with CareAR’s augmented reality and AI-based platform will enable technicians to remotely and proactively resolve service issues faster and […]
Read moreOctober 5, 2021 9:26 am
The US indices ended its first session for the week on negative territory, dragged down mainly by techs, and other growth-driven stocks, as investors continue divesting in a rising yields’ environment. The Dow, S&P and Nasdaq deleted respectively .94, 1.3 and 2.14 from their market value. The 10 yr and 30 yr Treasuries ended with […]
Read moreOctober 5, 2021 7:23 am
Amazon.com Inc- and Ford Motor Co-backed Rivian Automotive, which at present sources batteries from Samsung SDI, intends to manufacture battery cells of its own, the company’s filing for an initial public offering in the United States showed. “Given the paramount importance and impact of the battery system on vehicle range, performance, and price, we have […]
Read moreOctober 4, 2021 7:10 am
Last week BMW AG (BMWG) raised its full-year profit margin forecast to a range of 9.5% to 10.5% from a previous range of 7% to 9%, since higher prices for new and used vehicles overshadowed the effect of supply chain-related issues. The auto maker also raised its return on equity forecast in its financial services […]
Read moreOctober 1, 2021 7:26 am
Walmart Inc (WMT) said earlier this week that it intended to hire nearly 150,000 new store workers in the United States, with the majority of roles being permanent and full-time, as the retailer prepares for the holiday shopping season. The company also said that many of its store workers would be offered extra hours during […]
Read moreOctober 1, 2021 6:25 am
The American stocks’ session dipped down on Thursday with the DJIA, S&P500, Nasdaq, shedding off 1.59%, 1.19% and 0.44% from their market values, respectively. The weak performance is sending the September results with a 4% drop, the worst month since March 2020 when the pandemics economic concerns were just reflected in the markets. As mentioned […]
Read moreSeptember 30, 2021 7:17 am
Ford Motor Co (F) has become the second Detroit-based auto maker to require of its US salaried employees to provide information about their vaccination status against COVID-19 in an attempt to comply with broader federal guidelines. Ford’s salaried employees are now required to submit their vaccination status against COVID-19 by October 8th. However, this is […]
Read moreSeptember 29, 2021 9:53 am
Lockheed Martin Corp (LMT) said earlier this week that it had agreed with the Pentagon to deliver 151 to 153 F-35 fighter jets in 2022, or fewer compared to the number it had earlier expected to deliver – 169 aircraft. The defense company also said it would likely deliver 156 such aircraft to the United […]
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